AkinovA names former LCH.Clearnet boss Ian Axe as senior advisor
AkinovA has appointed Ian Axe to its senior advisor team.
Axe is the former chief executive officer at LCH.Clearnet and has also served as global head of operation and EMEA chief executive officer at Barclays Capital. He is a former chief executive of Panmure Gordon and has also held principal and executive roles at ABSA Capital and Booz.Allen & Hamilton. In all he has over 25 years of experience in capital markets, private banking and asset management, in Europe, the US, Asia and South Africa.
Axe is based in the UK, and focuses on assisting in the development of itAkinovA’s clearing operations and risk management.
Henri Winand, chief executive at AkinovA, pointed to Axe’s oversight of LCH.Clearnet in the months following the financial crisis, a time of significant regulatory upheaval and growth for the business. Axe “worked with senior central bankers and regulators across the US, Continental Europe and UK,” Winand said. “[Axe] really understands how market trading platforms and clearing operations can create liquidity and trust between counterparties in a truly dynamic environment and how they are critical to unlock growth and create new products.”
Axe described it as “inevitable” that the re/insurance and capital markets industries will continue to work more closely together.
“To tackle changes in the risk landscape experienced by insureds globally, what is needed is a truly neutral and regulated industry venue where risks and capital can be matched on a marketplace, but where transactions are also cleared,” said Axe. “AkinovA is creating that one-stop-shop. This combination will unlock the path to new products for enhanced climate resilience, to cover intangible assets which make around 80 percent of the world’s assets, and create new opportunities to cover cyber risks and other dislocated lines of business.”
Investors are already exposed to these growing risks within their private equity, pension and fund positions, noted Axe. “With neither any marketplace to transfer and trade those products to hedge their position, nor which allows them to be rewarded for holding those risks, it is about time that this be addressed,” he said.
